MOSCOW (Reuters) – Russia’s finance ministry said on Monday it would scrap an agreement with Cyprus aimed at avoiding double taxation after talks to modify the deal failed, and that legal changes would make it more profitable for people to transfer money back ... More »
WASHINGTON (Reuters) – The U.S. Treasury Department followed proper procedures in denying the U.S. House of Representatives access to President Donald Trump’s tax returns, the inspector general’s office said in a letter released on Friday. House Ways and Means... More »
BOSTON (Reuters) – As U.S. corporate jet use approaches pre-financial crisis levels and chief executives take an increasing number of personal trips on the company tab, many investors are being kept in the dark about the true cost of the perk. For the S&P 500 ... More »
MUMBAI (Reuters) – Indian tax officials are pushing back against Prime Minister Narendra Modi’s new faceless tax assessment program, complaining about a lack of consultation and inadequate resources to implement the changes, a letter reviewed by Reuters shows.... More »
WASHINGTON (Reuters) – A U.S. judge refused on Thursday to fast-track a congressional lawsuit seeking to force disclosure of President Donald Trump’s federal tax returns, saying it was a complicated and important matter that should not be rushed. U.S. District... More »
(Reuters) – A U.S. judge will hear arguments on July 29 in President Donald Trump’s lawsuit seeking to block a House of Representatives committee from obtaining his New York state tax returns, according to a court filing issued Sunday. U.S. District Judge Carl... More »
NEW YORK (Reuters) – The Internal Revenue Service would like American taxpayers to look over their paystubs and make sure they are withholding the right amount – please. In the first year of the new tax law, 2018, Americans underestimated how much they needed ... More »
NEW YORK(Reuters) – Can regular people calculate their state taxes in light of the new U.S. tax law? No way, experts say. “There isn’t a way to figure it out,” said Craig Smalley, an enrolled agent tax preparer in Orlando, Florida. “I’ve worked with clients al... More »
NEW YORK (Reuters) – One thing we have learned in the United States this tax season: Refunds make Americans happy – and not getting one, or getting a smaller one, makes them mad. The number of refunds for 2018 returns is down 26.5 percent, and the dollar amoun... More »
NEW YORK (Reuters) – The U.S. Internal Revenue Services is closed, thanks to the government shutdown, but your taxes are still due on April 15 and that is why individuals need to proceed through tax season as if nothing is amiss, experts say. The opening day o... More »
WASHINGTON (Reuters) – A high-stakes showdown at the U.S. Supreme Court on Tuesday will determine whether states can force out-of-state online retailers to collect sales taxes in a fight between South Dakota and e-commerce businesses. South Dakota is asking th... More »
U.S. service member stands guard as an U.S. military transport plane lands at the Kandahar air base, Afghanistan January 23, 2018. REUTERS/Omar Sobhani – RC1A69651DE0 NEW YORK (Reuters) – No matter how U.S. tax policies evolve in the future, it is doubtful tha... More »
A man walks the campus of the City College of New York in the Harlem borough of New York, U.S., December 16, 2017. REUTERS/Eduardo Munoz NEW YORK (Reuters) – In the lead-up to the conference agreement for the U.S. Tax Cut & Jobs Act released on Friday, there w... More »
FILE PHOTO – Volunteers sort donated clothes for Caribbean refugees whose homes were destroyed by Hurricane Irma, at a convention centre in San Juan, Puerto Rico September 14, 2017. The hashtag on the sign reads “Puerto Rico embraces you.” REUTERS/Alvin Baez N... More »
An aide adjusts a sign prior to a news conference announcing the passage of the “Tax Cuts and Jobs Act” at the U.S. Capitol in Washington, U.S., November 16, 2017. REUTERS/Aaron P. Bernstein NEW YORK (Reuters) – At a retirement community near Chicago, Jay Scha... More »
German prosecutors said on Friday they had searched a major Frankfurt bank as well as the homes of several suspects on suspicion of tax evasion via so-called "cum-ex" transactions. More »
As soon as the House of Representatives' proposed tax reform bill had hit the news, divorce lawyer Malcolm Taub's phone started to buzz. More »
U.S. Senate Republicans on Monday gained crucial support for a vote on a budget resolution that is vital to President Donald Trump's hopes of signing sweeping tax reform legislation into law before January. More »
China aims to cut taxes and fees for companies by 1 trillion yuan ($144.65 billion) this year, Premier Li Keqiang said Wednesday. More »
FILE PHOTO: U.S. President Donald Trump looks up while hosting a House and Senate leadership lunch at the White House in Washington, U.S. March 1, 2017. REUTERS/Kevin Lamarque/File Photo President Donald Trump paid $38 million in taxes on more than $150 millio... More »
By Beth Pinsker NEW YORK Tax season in the United States is off to a slow start.The number of people filing their taxes with the Internal R More »
A woman counts U.S. dollars at a money changer in Yangon May 23, 2013. REUTERS/Soe Zeya Tun People often wonder what happens if you do not file your tax returns. Josh Kornbluth lived it. More »
A driver displays Uber and Lyft ride sharing signs in his car windscreen in Santa Monica, California, U.S., May 23, 2016. REUTERS/Lucy Nicholson/Files Lured by the promise of high pay for part-time work, Geovanie Rosario quit his day job three years ago and jo... More »
A view of the exterior of the Citibank corporate headquarters in New York, New York, U.S. May 20, 2015. REUTERS/Mike Segar/Files Citigroup Inc (C.N) stands to get less of a profit boost than other big U.S. banks from lower corporate tax rates expected from the... More »
Republican presidential nominee Donald Trump speaks at a campaign rally in Manheim, Pennsylvania, U.S., October 1, 2016. REUTERS/Mike Segar Republican presidential nominee Donald Trump declared a $916 million loss on his 1995 income tax returns and the large t... More »
By Amanda Becker and Susan Heavey | WASHINGTON WASHINGTON Hillary Clinton on Friday released her 2015 tax returns, which showed the Democratic presidential nominee and her husband had $10.75 million in income that year and paid an effective federal tax rate of... More »
NEW DELHI India’s finance ministry is asking for regular progress reports from tax collectors and has set a date for an amnesty to pay off arrears on undeclared domestic assets, as the government intensifies efforts to meet its ambitious deficit target. A seri... More »
NEW YORK Out of sight, out of mind? Not for Americans at tax time. Unlike most other countries, Uncle Sam requires its estimated 7 million expatriates, whether citizens or resident aliens, to file an income tax return with the Internal Revenue Service. Those l... More »
WASHINGTON Republican presidential candidates Marco Rubio and Ted Cruz released tax returns for several years on Saturday in an effort to pressure billionaire front-runner Donald Trump to follow suit. Rubio, whose financial decisions earlier in his life have c... More »
WASHINGTON Republican presidential candidate Ted Cruz released four years of his and wife Heidi’s tax returns on Saturday, ranging from 2011-2014, showing $389,124 taxes paid on $1.2 million in 2014. Cruz’s filings follow a similar release of returns on Saturd... More »
SAN FRANCISCO/BENGALURU Apple Inc Chief Executive Tim Cook dismissed as “total political crap” the notion that the tech giant was avoiding taxes. Cook’s remarks, made on CBS’ 60 Minutes show, come amid a debate in the United States over corporations avoiding t... More »
BOSTON Vanguard Group Inc could be forced to raise its fees to cover new tax payments, possibly undercutting a low-cost advantage that has made the company the dominate player in the U.S. mutual fund industry, a tax expert for a plaintiff in a lawsuit said on ... More »
